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- Akhter, Naveed, et al.
(author)
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Activities of compassion : How owner entrepreneurs develop a sustainable organization
- 2020
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In: Academy of Management: Proceedings. - : Academy of Management.
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Conference paper (peer-reviewed)abstract
- What series of activities do entrepreneurs engage in that lead to a compassionate organization? And What role does spirituality have for the activities of compassion? Drawing on spirituality and compassion as a conceptual lenses and a single case study from Pakistan, we find that through activities of compassion, grounded in the spiritual beliefs, owner entrepreneurs can develop a sustainable organization. Besides, we identify a set of activities and build an activity model of a sustainable organization. This study contributes to the literature on compassion, spirituality, and sustainable entrepreneurship.
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- Akhter, Naveed, et al.
(author)
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Entrepreneurial exit in family firm portfolios
- 2014
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In: The Academy of Management Annual Meeting Proceedings, January 2014 (Meeting Abstract Supplement), 15060. - : Academy of Management.
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Conference paper (peer-reviewed)abstract
- We explore the process of entrepreneurial exit in a sample of five family firm portfolios from Pakistan. Our aim is to understand how entrepreneurial exit occurs in family firm portfolios and why family firm owners exit from some satellites and not from others. The emergent insights of this study through observing total number of 25 exits, portrays that due to emotional depth family firm owners manifest a strong attachment toward their core business and refrain from exiting from it. This tendency persists across generations. By doing so, family firm owners tend to exit from satellites, regardless to the fact that they are successful or not, to save the core business. Furthermore, they are more likely to exit from satellites ventured with external parties, not directly managed by the family and/or founded by distant relatives.
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- Akhter, Naveed
(author)
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Exit
- 2024
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In: Elgar Encyclopedia of Family Business. - : Edward Elgar Publishing. - 9781800888715 - 9781800888722 ; , s. 171-172
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Book chapter (peer-reviewed)abstract
- The entry discusses the business exit in the context of family firms. Business exit is as important as business entry, but it has received much less attention in management and entrepreneurship in general and family business context in particular. Exiting a business in family firms poses more significant challenges for the owners’ managers because emotional attachment is at the core of family firms. The entry highlights; why exit is vital in family firms, how it happens at different levels, the modes of exit, and the challenges for family owners.
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| 6. |
- Akhter, Naveed, et al.
(author)
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Exit and Resource Management in a Family Business Portfolio
- 2022
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In: The Palgrave Handbook of Managing Family Business Groups. - Cham : Springer. - 9783031132056 - 9783031132087 - 9783031132063 ; , s. 65-79
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Book chapter (other academic/artistic)abstract
- Exit is a vital element of the entrepreneurial process. It becomes explicitly more multifaceted in family business portfolios due to the complex nature of the business portfolios. Research on family business portfolios has explored the role of resources. However, there is a dearth of studies on how family business portfolios manage resources through exited businesses. Drawing on the case study research approach and following cases from Pakistan, our study led us to report three key insights: (1) Family owners re-direct the resources back to the business portfolio while exiting subsequent businesses to restructure their overall portfolio; (2) They manage resources to provide the next generation with the opportunity to start businesses that follow their passion and renew the business portfolio with a new set of ideas; (3) They manage resources through recycling of the family business portfolios in times of crisis, enabling the business to withstand critical times.
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| 10. |
- Akhter, Naveed
(author)
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Family business portfolios : Enduring entrepreneurship and exit strategies
- 2016
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Doctoral thesis (other academic/artistic)abstract
- This dissertation examines how family business portfolios endure across time and investigates the entrepreneurial strategies that they engage in. The goal of this dissertation is addressed through five appended papers in which I have argued for the importance of business families owning multiple firms, that is, portfolio entrepreneurship. Portfolio entrepreneurship plays a central role in economic development as it is a prevalent phenomenon in developed and emerging economies. However, despite its importance, there is currently very little research on portfolio entrepreneurship, especially in the context of family firms.In so doing, I study nine business families owning multiple businesses in Pakistan. I conducted in-depth interviews with family owners and employees; the interviews were supplemented with other sources of data such as observations and archival material. When studying questions such as how a portfolio is built-up across generations, how and why business families exit and, when they exit, which businesses they choose to exit from, I draw on insights from the literature on portfolio entrepreneurship, business exit, family firms, socioemotional wealth, sensemaking, compassion and social identity theory in the five papers.The dissertation addresses the calls for studies on portfolio entrepreneurship in the context of family firms by examining the process through which a portfolio is constructed by studying performance and exit related issues. In other words, it examines both the growth and the contraction of portfolios. The study offers several contributions. First, it contributes to studies on enduring entrepreneurship by investigating how business families last across time despite encountering difficult situations and declining business. Second, the study contributes to the portfolio entrepreneurship literature by elucidating how portfolios are built across generations and the roles of both growth and contractions while addressing processual and contextual issues.Third, the study contributes to the business exit literature by looking at the exit process in a family business context and exploring multiple exits. This isunique, as it is, to the best of my knowledge, the first study on business exits looking at multiple exit in the context of family firms. Fourth, the study also contributes to the literature on family firms by exploring how and why business families refrain from exiting from their core legacy business and how their emotions influence the exit process.Finally, the study contributes to context-related issues. The study adds to the literature on contextualization and addresses the call for more context-specific studies in entrepreneurship scholarship. This dissertation is focused on context-based factors considering the spatial and social context, where the former has been undertaken by taking an emerging economy and country context as the setting, while the latter refers to the relational and emotional ties within family firms. In addition to its theoretical contributions, this dissertation has important implications for practice. The dissertation brings to the fore some promising and unique ways in which entrepreneurship endures across time and context through the transgenerational transmission of entrepreneurship and insights into how business families behave in a declining business situation. Additionally, this study offers insights for family owners and managers on how to address the dilemma of continued entrepreneurship, that is, how to encourage and foster enduring entrepreneurship in organizations, in particular in the context of family firms.
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